Another Standard Chartered compliance exec steps down

Departure Sign

Standard Chartered’s global head of financial-crime compliance is stepping down in the latest rejig of senior managers at the bank, which last week announced it remains under U.S. sanctions oversight.

John Cusack said he is leaving the position at the end of 2018, according to a LinkedIn message in response to a query from Bloomberg News on Monday. A spokesperson for Standard Chartered declined to comment.

The move adds to upheaval at the bank’s compliance unit, which oversees conduct of the lender’s 86,000 employees in countries from Singapore to Angola. Standard Chartered said earlier Monday that Tracey McDermott, head of corporate affairs and brand and marketing, will also oversee compliance. She replaces Neil Barry, who left the bank recently.

Hit the link below to access the complete Bloomberg News article:

StanChart Executive Steps Down, Adds to Compliance Turnover

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